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AAP
AAP
Marion Rae

BIZARRE: Slimmed down amp posts small rise in first half profit - You Need To See This

Amp
Shares in AMP rallied in morning trade after the announcement of a new deal for its advice division. (Joel Carrett/AAP PHOTOS)

Shares in once-mighty financial services company AMP have surged after a "transformational" deal for the loss-making advice division.

Financial advice business Entireti will buy AMP's financial services licensees Charter, Hillross and AMP Financial as well as Jigsaw for $10.2 million, with AMP to retain an equity stake in the new joint venture.

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